Perkins Small Correlations

Mutual Funds . USA . 
Fund . Perkins Small Cap
JSCVX Fund  USD 27.57  0.03  0.11%   
The current 90-days correlation between Perkins Small Cap and Perkins Mid Cap is 0.94 (i.e., Almost no diversification). The correlation of Perkins Small is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Perkins Small Correlation With Market

Very poor diversification

The correlation between Perkins Small Cap and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Perkins Small Cap and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Perkins Small Cap. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Perkins Mutual Fund

  0.76JRAAX Janus ResearchPairCorr
  0.77JRACX Janus ResearchPairCorr
  0.76JRAIX Janus ResearchPairCorr
  0.76JRANX Janus ResearchPairCorr
  0.77JRARX Janus Henderson ResearchPairCorr
  0.77JRASX Janus ResearchPairCorr
  0.92JAAGX Enterprise PortfolioPairCorr
  0.8JABAX Janus BalancedPairCorr
  0.8JABCX Janus BalancedPairCorr
  0.84JRSAX Intech Managed VolatilityPairCorr
  0.83JRSDX Intech Managed VolatilityPairCorr
  0.84JRSCX Intech Managed VolatilityPairCorr
  0.84JRSIX Intech Managed VolatilityPairCorr
  0.84JRSNX Intech Managed VolatilityPairCorr
  0.84JRSSX Intech Managed VolatilityPairCorr
  0.84JRSTX Intech Managed VolatilityPairCorr
  0.81JACNX Janus ContrarianPairCorr
  0.76JACTX Janus Forty FundPairCorr
  0.78JADGX Janus Growth AndPairCorr
  0.8JABLX Balanced PortfolioPairCorr
  0.8JABNX Janus BalancedPairCorr
  0.8JABRX Janus BalancedPairCorr
  0.76JACAX Forty Portfolio InstPairCorr
  0.76JACCX Janus Forty FundPairCorr
  0.92JAENX Janus EnterprisePairCorr
  0.76JAGRX Research PortfolioPairCorr
  0.77JAGTX Janus Global TechnologyPairCorr
  0.77JAGCX Janus Global TechnologyPairCorr
  0.79JAGIX Janus Growth AndPairCorr
  0.65JAHYX Janus High YieldPairCorr
  0.8JANBX Janus BalancedPairCorr
  0.92JANEX Janus EnterprisePairCorr
  0.92JANIX Janus TritonPairCorr
  0.62JANRX Janus Global SelectPairCorr

Moving against Perkins Mutual Fund

  0.57JADFX Janus Flexible BondPairCorr
  0.56JAFIX Janus Flexible BondPairCorr
  0.54JAFLX Flexible Bond PortfolioPairCorr
  0.51JAGLX Janus Global LifePairCorr
  0.55JANFX Janus Flexible BondPairCorr
  0.44JAOSX Janus OverseasPairCorr
  0.43JAIGX Overseas PortfolioPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Perkins Mutual Fund performing well and Perkins Small Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Perkins Small's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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